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| Buchanan and Associates Inc.: Weathering Market Storms |
| By Brian Salgado | |
| Friday, 18 January 2008 | |
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Buchanan and Associates Inc. has improved the engineering and manufacturing of its screen enclosures to withstand Florida’s harsh hurricane season, and plans for new product launches in 2008. By Brian Salgado
The engineering firm determined the connections, which were supposed to keep the enclosure from failing during a hurricane, were the major source of the problem, so Buchanan and Associates developed the Rhino Connection System, patent pending, which provides the strength to the screen enclosures in order to compliant and withstand Florida’s hurricanes. Raskin says the Rhino Beam and Connection System was developed based on the recommendations that appeared in the study done for the Florida Office of Insurance Regulation by an engineering firm in Raleigh, N.C., which called for more rigid connections. “We’ve been using the connections the last three months, and it is completely different and significantly stronger than what is being done by everyone else,” Raskin adds. “We have a published patent on the Rhino Beam and a patent pending on the Rhino Connection System, and we intend to make it available to the industry. I’m hoping for a significant increase in orders for screen enclosures. We didn’t pick the timing, but there is a little more interest now because the hurricane season is over.” Formed in 1977, Buchanan and Associates was a $2 million company when Raskin took over. The company grew to $14 million in 2006. It markets primarily to new homebuilders on the east and west coast of Florida, and Buchanan and Associates is now moving south into Miami-Dade County, Fla., as well as north to Vero Beach and Palm Bay. Raskin took time to speak with Construction Today about its relationships with developers throughout Florida, the changing market and approaching the sensitive topic of downsizing. Construction Today: What distinguishes your company’s work from competitors’? CT: How would you describe the relationships you have with developers? Four years ago we started an in-house welding operation, and last year it grew to almost half of our business. We are contemplating manufacturing decorative aluminum railing and shipping it to contractors outside of our current geographic territory. CT: How is the market changing? CT: How have you adapted to this? There was not enough business to keep everyone working. It’s difficult. When you sit in this chair, sometimes you have to make really tough decisions. No matter how difficult they may be, you must survive so you will be there when the market gets better. Each time we had to do a layoff, the management team talked about each individual and how much time, notice, severance to give. We made joint-consensus decisions, but not without emotion. We did what was necessary, both for those staying and for the company to remain a prominent force in the industry. CT: What is your vision of the future? |
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